[expat_panama]

...aren’t going to hike rates in any meaningful sense, though they may opt for a notional 25 basis point hike...

That kind of hike would be "meaningful" enough to the business community that by the time we got around to one "meaningful" for y'all any other hikes wouldn't matter.  Meanwhile a goofy Sept. hike would be leaving the survivors asking why?!

there will be another QE

Of course there will be --er, QE headlines that is.  No matter what, our fruitloops press will continue its nonsense about all the bailout/QE that's been the cause of all of our 'run-away-inflation' we've been having and our FR colleagues will just lap it up like kittens.

[agere_contra]

We've had years of rate hike headlines.

But no actual rate hikes. Why is that?

Ah but of course, we're 'on the cusp' of a rate hike.